BJP-Linked Shajapur District Panchayat Member Held In ₹21 Crore Gwalior Cyber Fraud Case

Gwalior (Madhya Pradesh): Madhya Pradesh Cyber Police have arrested a BJP-linked district panchayat member from Shajapur in connection with a ₹21 crore cyber fraud case in Gwalior.

The suspect, identified as Jagdish Kumar Malviya, allegedly received ₹50 lakh of the cheated amount in his bank account, according to police.

The case came to light after a 70-year-old chartered accountant from Gwalior, Ashok Vijayvargiya, was allegedly duped on the pretext of cryptocurrency investment.

In December 2025, a woman contacted him and gained his trust before offering high returns through crypto investments.

Over a period of around 218 days, the suspect allegedly convinced him to transfer ₹21.05 crore into multiple bank accounts.

When Vijayvargiya tried to withdraw his money, he was asked to deposit more funds. Realising that he had been cheated, he approached the State Cyber Police.

During the investigation, police found that ₹50 lakh from the fraud amount was transferred to Jagdish Kumar Malviya’s bank account.

The money was later moved to several other accounts. Police arrested Malviya and brought him to Gwalior after obtaining his remand from the court.

Investigators found that the victim had carried out 106 transactions through 76 bank accounts.

The money allegedly passed through 15 layers before reaching more than 20,000 bank accounts. Around 35% of the amount was reportedly transferred to accounts in different parts of South India.

Police said Malviya is a retired Indian Army personnel and is associated with the BJP.

He is also reportedly holding a state-level position in a social organisation. Investigators found suspicious transactions of more than ₹2.5 crore in his bank account.

Police also revealed that Malviya had recently travelled to Bangkok, Thailand. Agencies suspect that his bank account may have been used in other cyber fraud cases as well.

State Cyber Police Inspector Mukesh Naroliya said questioning of the suspect has helped investigators trace links to an interstate cybercrime network.

Teams have been sent to Karnataka and Tamil Nadu to investigate the money trail and identify other people involved.

Police are now searching for more suspects linked to the network and suspected mule accounts. Officials believe further investigation may reveal more details about the large-scale cyber fraud.